Philip Morris International Inc. (PM)
Billionaires Are Buying Up This Millionaire-Maker Stock
Tobacco is traditionally a sleepy sector known for high dividend yields and a recession-proof business model, but one tobacco stock has delivered a surprising breakout this year. Philip Morris International (PM -0.93%) is up 38% so far in 2024 as it has successfully pivoted to next-generation smoke-free products, including Iqos heat-not-burn sticks and Zyn nicotine pouches.
Why Is Philip Morris (PM) Down 0.8% Since Last Earnings Report?
Philip Morris (PM) reported earnings 30 days ago. What's next for the stock?
PM Stock Rallies 30% in 6 Months: What Should Investors Do Next?
Philip Morris is driving strong growth through its smoke-free transformation, supported by innovation, global expansion, pricing power, and disciplined cost management.
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Tobacco Stock Could Take a Breather From Highs
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Philip Morris (PM) Is Up 8.03% in One Week: What You Should Know
Does Philip Morris (PM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Philip Morris: King Of The Tobacco Jungle - Minimal Upside/ Dividends Here
PM has reported another beat and raise performance in FQ3'24, with it contributing to the immense rally observed in its stock prices. Much of its tailwinds are attributed to the growing combustibles volumes and higher YTD pricing, contributing to the segment's robust top lines and expanding market share. This is on top of the highly successful smoke-free approaches through IQOS and ZYN, with FQ4'24 likely to bring forth another beat performance.
Philip Morris: The Strategy Is Finally Paying Off
Philip Morris's strategic pivot to less toxic tobacco products, including ZYN nicotine pouches, is paying off. ZYN's popularity is surging despite regulatory scrutiny and supply constraints. Nicotine pouches offer key advantages: no known cancer risk, usability in banned areas, and no flavor ban by the FDA, unlike e-cigarettes.
Philip Morris: This 4% Yield Is A Hold
Philip Morris International hit a new all-time high after a strong Q3 earnings report, driven by double-digit net revenue growth and raised FY 2024 guidance. The company's non-traditional products, especially IQOS and ZYN, are growing significantly faster than traditional tobacco, boosting overall gross profit growth. PM raised its FY 2024 adjusted earnings guidance, expecting up to a 7.3% year-over-year growth, and the company maintains a strong dividend coverage ratio.
Billionaire Stanley Druckenmiller Bet Big on This High-Yield Dividend Stock, and It's Up 41% This Year. Is It Too Late to Buy?
This tobacco stock keeps going up.
Philip Morris International Hits All-Time Highs. Is It Too Late to Buy the Stock?
Zyn continues to power the company's growth.
